Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Algoma Steel Group Inc (NASDAQ: ASTL) closed at $6.74 in the last session, down -1.46% from day before closing price of $6.84. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.48 million shares were traded.
Ratios:
We take a closer look at ASTL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 3.31. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.42.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when Sgro David bought 200,000 shares for $10.21 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 0.67.
Stock Price History:
Over the past 52 weeks, ASTL has reached a high of $12.14, while it has fallen to a 52-week low of $6.45. The 50-Day Moving Average of the stock is -18.90%, while the 200-Day Moving Average is calculated to be -25.72%.
Shares Statistics:
A total of 104.42M shares are outstanding, with a floating share count of 95.08M. Insiders hold about 8.95% of the company’s shares, while institutions hold 81.88% stake in the company.
